SPYA.DE vs. ETLK.DE
SPYA.DE (SPDR MSCI EM Asia UCITS ETF) and ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) are both Asia Pacific Equities funds - SPYA.DE tracks the MSCI Emerging Markets Asia while ETLK.DE tracks the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, SPYA.DE returned 8.39%/yr vs 5.51%/yr for ETLK.DE. A 0.72 correlation means they provide meaningful diversification when combined. SPYA.DE charges 0.55%/yr vs 0.10%/yr for ETLK.DE.
Performance
SPYA.DE vs. ETLK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYA.DE achieves a 32.76% return, which is significantly higher than ETLK.DE's 8.76% return.
SPYA.DE
- 1D
- -1.79%
- 1M
- 7.19%
- YTD
- 32.76%
- 6M
- 34.22%
- 1Y
- 53.92%
- 3Y*
- 22.22%
- 5Y*
- 8.39%
- 10Y*
- 10.77%
ETLK.DE
- 1D
- -0.99%
- 1M
- -0.22%
- YTD
- 8.76%
- 6M
- 9.96%
- 1Y
- 14.03%
- 3Y*
- 10.15%
- 5Y*
- 5.51%
- 10Y*
- —
SPYA.DE vs. ETLK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPYA.DE SPDR MSCI EM Asia UCITS ETF | 32.76% | 17.77% | 17.39% | 3.14% | -16.02% | 1.17% | 15.21% | 17.11% |
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 8.76% | 7.52% | 11.54% | 1.26% | -0.49% | 11.62% | -1.71% | 15.82% |
Correlation
The correlation between SPYA.DE and ETLK.DE is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.72 |
The correlation between SPYA.DE and ETLK.DE has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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Return for Risk
SPYA.DE vs. ETLK.DE — Risk / Return Rank
SPYA.DE
ETLK.DE
SPYA.DE vs. ETLK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EM Asia UCITS ETF (SPYA.DE) and L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SPYA.DE | ETLK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.21 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.82 | 2.34 | +2.49 |
| Martin ratioReturn relative to average drawdown | 16.86 | 6.47 | +10.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPYA.DE | ETLK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 1.16 | +1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.37 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.39 | +0.06 |
Drawdowns
SPYA.DE vs. ETLK.DE - Drawdown Comparison
The maximum SPYA.DE drawdown since its inception was -35.34%, roughly equal to the maximum ETLK.DE drawdown of -36.72%. Use the drawdown chart below to compare losses from any high point for SPYA.DE and ETLK.DE.
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Drawdown Indicators
| SPYA.DE | ETLK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.34% | -36.72% | +1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -5.98% | -5.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.39% | -19.89% | -1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -19.89% | -9.42% |
Max Drawdown (10Y)Largest decline over 10 years | -33.85% | — | — |
Current DrawdownCurrent decline from peak | -2.98% | -2.56% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -5.76% | -5.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 2.16% | +1.03% |
Volatility
SPYA.DE vs. ETLK.DE - Volatility Comparison
SPDR MSCI EM Asia UCITS ETF (SPYA.DE) has a higher volatility of 8.10% compared to L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) at 3.38%. This indicates that SPYA.DE's price experiences larger fluctuations and is considered to be riskier than ETLK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYA.DE | ETLK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.10% | 3.38% | +4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 9.32% | +6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 12.02% | +7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 14.78% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 18.21% | +0.98% |
SPYA.DE vs. ETLK.DE - Expense Ratio Comparison
SPYA.DE has a 0.55% expense ratio, which is higher than ETLK.DE's 0.10% expense ratio.
Dividends
SPYA.DE vs. ETLK.DE - Dividend Comparison
Neither SPYA.DE nor ETLK.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYA.DE and ETLK.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLK.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLK.DE is cheaper with a 0.10% expense ratio, compared with 0.55% for SPYA.DE.
SPYA.DE tracks MSCI Emerging Markets Asia, while ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap. They also come from different issuers: State Street and Legal & General. Their fees differ too: 0.55% for SPYA.DE and 0.10% for ETLK.DE.
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